Activist investor and previous board member Glenn Welling, along with his fund Engaged Capital LLC, has taken a 15 percent stake in Medifast, according to SEC filings. Entities of Engaged Capital have spent $107.5 to buy 1.16 million shares of Medifast (NYSE: MED) since September, giving the fund itself a 9.9 percent stake. Other agreements push Welling’s stake up to 1.74 million shares to represent the 15 percent stake. In 2016, Welling played a key role in hiring Dan Chard as CEO, succeeding Michael MacDonald, who remains executive chairman.
Plexus Worldwide has hired Ulli Lindauer as chief marketing officer. She will oversee all marketing strategies and initiatives for product management, creative services and customer analytics. Lindauer has more than two decades of experience including executive brand and marketing roles at Fossil Group, Bond No. 9, Chanel and L’Oreal.
Albert Bosch will assume the role of CEO for North America at BEMER Group. He will run all North American management and operations for the European-based company, reporting to Robert Moll, the company’s Global CEO. Prior to this position, Bosch has held executive positions at It Works! and spent 20 years at Tupperware Brands where he held president and managing director roles.